Zacks Research Upgrades Vicor (NASDAQ:VICR) to Strong-Buy

Vicor (NASDAQ:VICR – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Other equities research analysts have also issued reports about the company. Roth Capital reissued a “buy” rating and set a $375.00 price target on shares of Vicor in a research report on Tuesday, September 22nd. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Needham & Company LLC boosted their target price on shares of Vicor from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Vicor presently has a consensus rating of “Buy” and a consensus target price of $391.67.

Read Our Latest Analysis on VICR

Vicor Stock Performance

NASDAQ:VICR opened at $308.90 on Thursday. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 99.01 and a beta of 2.37. Vicor has a one year low of $48.53 and a one year high of $382.65. The stock has a 50-day simple moving average of $219.16 and a 200 day simple moving average of $243.54.

Vicor (NASDAQ:VICR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The firm had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. During the same period in the previous year, the company earned $0.91 earnings per share. Vicor’s quarterly revenue was up 49.3% on a year-over-year basis. On average, equities research analysts forecast that Vicor will post 3.76 EPS for the current fiscal year.

Insider Activity at Vicor

In related news, Director Zmira Lavie sold 908 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the sale, the director owned 908 shares of the company’s stock, valued at $227,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Philip D. Davies sold 3,073 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total transaction of $546,072.10. Following the completion of the transaction, the vice president owned 1,920 shares of the company’s stock, valued at $341,184. This represents a 61.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,753 shares of company stock worth $1,635,064 in the last three months. 28.30% of the stock is owned by company insiders.

Institutional Trading of Vicor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Vicor during the second quarter worth approximately $934,612,000. Maxi Investments CY Ltd bought a new position in Vicor during the 2nd quarter valued at $2,089,000. Jupiter Topco LLC bought a new position in Vicor during the 2nd quarter valued at $3,934,000. The Manufacturers Life Insurance Company increased its position in shares of Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after purchasing an additional 171,175 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Vicor by 363.7% during the 1st quarter. Renaissance Technologies LLC now owns 47,300 shares of the electronics maker’s stock valued at $7,615,000 after purchasing an additional 37,100 shares during the period. 47.45% of the stock is currently owned by institutional investors.

Vicor News Summary

Here are the key news stories impacting Vicor this week:

About Vicor

(Get Free Report)

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.

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Analyst Recommendations for Vicor (NASDAQ:VICR)

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